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9. Ryan borrows $3000 to be paid back in one year with quarterly payments. The loan carries a 6.5% interest rate, compounded quarterly. How much
9. Ryan borrows $3000 to be paid back in one year with quarterly payments. The loan carries a 6.5% interest rate, compounded quarterly. How much are his payments? NE PV = FV = PMT = PY=C/Y = How much will be paid in interest? 10. Carl bought a house priced at $180,000 by making a down-payment of $20,000 and making monthly payments of $1,000 for 25 years. How much interest did he pay over the life of the loan? Interest
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